Russia aims to raise $2.4b privatisations

2009-10-13

Russia aims to earn about US$2.4 billion in 2010 via privatisations, including the sale of minority stakes in shipping and insurance firms, according to the country's economy minister, Reuters reported.

Elvira Nabiullina said the state was planning to sell up to 20 percent of shipping firm Sovkomflot and 13.1 percent of insurance company Rosgosstrakh.

The privatisation of larger enterprises including Aeroflot and Russian Railways was not on the agenda, she said.

Source: cargonewsasia
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